Nine out of 10 companies do business with Banco Popular

Nine out of 10 companies do business with Banco Popular

Banco Popular Dominicano, within the framework of the National Day of Private Enterprise, reported that nine out of ten Dominican companies do business with the bank, specifically, 11,777 large SMEs, companies and corporations out of a total universe of 13,076 units.

The data is contained in the taxpayer registry of the General Directorate of Internal Taxes (DGII) and other records of business activity, updated as of April this year.

These figures contemplate those companies that have some type of commercial relationship with this banking entity and whose size has a real multiplier effect on the economy, being also job creators. Specifically, they generate 684,361 direct jobs, representing 31.5% of all existing formal jobs in the country, according to statistics from the Continuous Labor Market Survey.

By economic sector, these large SMEs and companies are concentrated in retail and wholesale trade, insurance, automobiles, tourism, product manufacturing, and construction. The products of his preference at Banco Popular are bank accounts, followed by credit cards and loans.

In 2021, 174 companies with this classification were created. Of this total, 140 companies, equivalent to 80%, have at least one financial product with Popular.

The wide presence of the digitized company among the companies that do business with Popular is a distinctive sign of these clients. 92% are affiliated with Internet Banking Popular, the bank’s online banking platform. Meanwhile, 43% reach the level of digital experts, which facilitates the daily management of their financial operations and better control of the company.

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